China Shenhua Energy (01088) plans to acquire assets from its controlling shareholder totaling approximately 133.598 billion yuan and raise supporting funds not exceeding 20 billion yuan. The layout of the entire industry chain is further being upgraded.

China Shenhua Energy (01088) announced that the company plans to purchase 100% equity of Guoyuan Power, Xinjiang Energy, Chemical Company, Wuhai Energy, Pingzhuang Coal Industry, Shenyan Coal, Jinshen Energy, Baotou Mining, Shipping Company, Coal Sales Company, and Port Company held by National Energy Group through the issuance of A-share shares and cash payment, and to purchase 100% equity of Inner Mongolia Construction Investment held by Western Energy with a transaction price of approximately 133.598 billion yuan. At the same time, the company plans to issue A-share shares to no more than 35 specific investors to raise matching funds of no more than 20 billion yuan. The overall share and cash payment ratio for this transaction is 30% and 70% respectively, with a cash payment price of approximately 93.5188 billion yuan and the issuance of approximately 1.363 billion shares of consideration shares at a price of 29.40 yuan per share. This transaction involves a total of 12 target companies, covering various areas such as coal, pithead coal-fired power, and coal chemical industry, which will help improve the core business capacity and resource reserves of the listed company, further optimize the entire industrial chain layout, and create favorable conditions for promoting clean production, optimizing capacity matching, and enhancing profitability. As of July 31, 2025, the total assets of the target assets amounted to 233.423 billion yuan, with a total attributable net assets of 87.399 billion yuan; in 2024, the total operating income of the target assets was 113.974 billion yuan, and the total non-recurring attributable net profit was 9.428 billion yuan, with a total non-recurring attributable net profit after excluding long-term asset impairment losses of 10.570 billion yuan, corresponding to an overall transaction price of 128.671 billion yuan. After considering the 4.927 billion yuan capital increase by National Energy Group to Chemical Company after the evaluation reference date, the final overall transaction price is adjusted to 133.598 billion yuan. Through this transaction, China Shenhua Energy's coal reserve resources will increase to 684.9 billion tons, with a growth rate of 64.72%; coal recoverable reserves will increase to 345 billion tons, with a growth rate of 97.71%; coal production will increase to 5.12 billion tons, with a growth rate of 56.57%; China Shenhua Energy's basic earnings per share after non-recurring items in 2024 will increase to 3.15 yuan/share, a 6.10% increase. The basic earnings per share after non-recurring items from January to July 2025 will increase to 1.54 yuan/share, a 4.40% increase. After the completion of this transaction, it will significantly increase the business strength of the listed company, thereby improving the asset quality and profitability of the listed company and returning value to all investors.